Mueller Hammered for Trying to Cobble Together Impeachment Case on Tweets

Mueller Hammered for Trying to Cobble Together Impeachment Case on Tweets

Mueller Hammered for Trying to Cobble Together Impeachment Case on Tweets Harvard Law professor Alan Dershowitz hammered special counsel Robert Mueller’s team for trying to “stitch together an impeachment case on public Tweets.” “People don’t obstruct justice in public,” Professor Dershowitz said in a TV inerview when asked why an obstruction case against President Donald […]

World War Three will be in Space

World War Three will be in Space

US plans to use space for military purposes may be as harmful to international security as the nuclear arms race was, Russia’s Foreign Ministry has warned, calling on the White House to “show common sense.” US plans to develop persistent, space-based sensor architecture by the end of 2022 are yet another step towards what Washington […]

Strong US Economic Growth Is Sustainable

Strong US Economic Growth Is Sustainable

Strong US Economic Growth Is Sustainable $DIA, $SPY, $QQQ, $RUTX, $VXX Friday, the White House chief economic adviser Larry Kudlow said strong economic growth is sustainable and will continue. President Donald Trump hailed the 4.1% Q-2 growth rate as proof that “we’ve accomplished an economic turnaround of historic proportion.” “I don’t think this is the end of […]

Dow Jones Industrial Average (.DJI) higher from strength of industrial stocks

Dow Jones Industrial Average (.DJI) higher from strength of industrial stocks

Dow Jones Industrial Average (.DJI) higher from strength of industrial stocks The Dow rose, in part on the strength of industrial stocks. Industrials, which have been a bellwether of trade tensions, were lifted after U.S. President Donald Trump and the European Commission President Jean-Claude Juncker agreed to work to resolve U.S. tariffs on steel and […]

 US Q-2 GDP Figure Will Be ‘Big’

 US Q-2 GDP Figure Will Be ‘Big’

 US Q-2 GDP Figure Will Be ‘Big’ $DIA, $GM  June Advance International Trade in Goods (actual -$68.30-B, consensus -$66.70-B) Advance Wholesale Inventories (actual 0.0%; prior 0.4%) June Durable Orders (actual 1.0% consensus 3.2%; prior -0.3%) June Durable Goods -ex trans (actual 0.4% consensus 0.4%; prior 0.3% White House economic adviser Larry Kudlow said Friday’s GDP release will reflect “big” […]

Our Plane is Headed to NKorea for US ‘Korean Conflict’ Remains

Our Plane is Headed to NKorea for US ‘Korean Conflict’ Remains

Our Plane is Headed to NKorea for US ‘Korean Conflict’ Remains A US aircraft flew to NKorea Friday to collect the remains of American troops killed in the Korean Conflict, the latest step in ongoing diplomacy between Washington and Pyongyang. NKorea is expected to hand over the remains of a number of US service members […]

Euro: USD/EUR (EUR=X) Impending Directional Breakout

Euro: USD/EUR (EUR=X) Impending Directional Breakout

Euro: USD/EUR (EUR=X) Impending Directional Breakout All eyes are on the ECB, which will set interest rates later on Thursday. The markets are not expecting anything dramatic from policymakers, with rates expected to remain at 0.00%. In June, the ECB decided to end its massive bond-purchase scheme by the end of the year, which has […]

US UK Find Opportunity in BREXIT

US UK Find Opportunity in BREXIT

Britain is moving ahead with plans to negotiate a free trade deal with the United States as soon as it leaves the European Union, International Trade Secretary Liam Fox said Wednesday. But Fox also said he would like to see a “de-escalation” with Washington over the growing array of tariffs, as he offered an energetic […]

Trade Wars Bite Asian Markets

Trade Wars Bite Asian Markets

Asian stocks erased early gains and slipped back Thursday as investor relief at US President Donald Trump and the European Commission chief’s plan to ease trade tensions was offset by disappointing US earnings. Trump and Jean-Claude Juncker announced the agreement after talks Wednesday at the White House, as the two major economies sought to end […]

Defcon 1 Lowered on Rod Rosenstein

Defcon 1 Lowered on Rod Rosenstein

Defcon 1 Lowered on Rod Rosenstein Late Wednesday, House Conservatives filed articles of impeachment against Deputy Attorney General Rod Rosenstein. Reps. Mark Meadows, (R-NC), and Jim Jordan, (R-OH), allege in the filing that Mr. Rosenstein has failed to respond to congressional demands for documents, and Mr. Meadows Tweeted: “We have had enough.” “For 9 months we’ve warned […]

Trade War Latest News

Trade War Latest News

Chinese Foreign Ministry spokesperson Geng Shuang said Wednesday that there was “no winner in a trade war,” calling on the United States to withdraw from the wrong path and not to go any further. The Trump administration announced it would provide up to 12 billion U.S. dollars in aid to U.S. farmers impacted by ongoing […]

US Adds to Subsidies as it Complains About Subsidies

US Adds to Subsidies as it Complains About Subsidies

US Adds to Subsidies as it Complains About Subsidies The US government will provide up to $12 billion in aid to American farmers hurt by the retaliatory tariffs imposed by trading partners, US Agriculture Secretary Sonny Perdue announced Tuesday. These actions are aimed “to assist farmers in response to trade damage caused by illegal retaliatory […]

Trade War Fears Diminish as China Shows Sustainability

Trade War Fears Diminish as China Shows Sustainability

Trade War Fears Diminish as China Shows Sustainability Asian stocks made modest gains Wednesday, after a batch of generally solid US earnings and news of China’s stimulus plans helped drive markets up. Beijing on Tuesday signalled that it would shift to a looser fiscal policy in a bid to protect the world’s second largest economy […]

BRICS Prepare for Trade War

BRICS Prepare for Trade War

BRICS Prepare for Trade War Leaders of the BRICS emerging economies — Brazil, Russia, India, China and South Africa — will gather in Johannesburg on Wednesday for a three-day meeting focused on the threat of a US-led global trade war. US President Donald Trump’s hardening stance has compounded fears of an all-out trade war after […]

Australia: S&P/ASX 200 (.AXJO) pointing higher

Australia:  S&P/ASX 200 (.AXJO) pointing higher

Australia: S&P/ASX 200 (.AXJO) pointing higher Australian shares opened the week lower as investors sought more defensive positions after US President Donald Trump threatened to escalate the tariff war with China. The S&P/ASX 200 index fell 58.3 points, or 0.9 per cent, to 6227.6 amid increased uncertainty surrounding global growth. It was the biggest decline […]

Australia: S&P/ASX 200 (.AXJO) shares down on intensifying trade war tensions

Australia: S&P/ASX 200 (.AXJO) shares down on intensifying trade war tensions

Australia: S&P/ASX 200 (.AXJO) shares down on intensifying trade war tensions Australian shares opened the week lower as investors sought more defensive positions after US President Donald Trump threatened to escalate the tariff war with China. The S&P/ASX 200 index fell 58.3 points, or 0.9 per cent, to 6227.6 amid increased uncertainty surrounding global growth. […]

Singapore Dollar: USD/SGD (SGD=X) increase in inflationary pressures linked to higher import prices

Singapore Dollar: USD/SGD (SGD=X) increase in inflationary pressures linked to higher import prices

Singapore Dollar: USD/SGD (SGD=X) increase in inflationary pressures linked to higher import prices For the June CPI, faster growth in non-cooked food item prices more than offset a slower increase in prepared meal costs, the MAS and MTI noted. The rise pushed food inflation up by 1.5 per cent in June, from 1.3 per cent […]

United States Oil (USO) focus turned to oversupply worries

United States Oil (USO) focus turned to oversupply worries

United States Oil (USO) focus turned to oversupply worries Oil prices edged lower on Monday as the focus turned to oversupply worries, moving away from escalating tensions between the U.S. and Iran, which had driven prices higher early in the session. There’s a lot of uncertainty in oil right now, which can cause some of […]

Australian Dollar: USD/AUD (AUD=X) trading in a tight range

Australian Dollar: USD/AUD (AUD=X) trading in a tight range

Australian Dollar: USD/AUD (AUD=X) trading in a tight range The Australian dollar is currently selling off against all major currencies. The Aussie is currently the weakest against the Japanese yen. Last week, the Australian dollar ended flat against the US dollar. As Chinese growth decelerates and US-China trade tensions rise, the Australian dollar remains in […]

BREXIT: UK want US Deal

BREXIT: UK want US Deal

BREXIT: UK want US Deal As the British government prepares to finalize its withdrawal from the European Union and create new trade agreements, 64 percent of British voters and 67 percent of American voters support a strong, bilateral trade agreement between the two countries, according to a YouGov poll commissioned by Washington-based FP1 Strategies and […]

Hong Kong: HANG SENG INDEX (.HSI) traders shrug off trade talk

Hong Kong: HANG SENG INDEX (.HSI) traders shrug off trade talk

Hong Kong: HANG SENG INDEX (.HSI) traders shrug off trade talk U.S. stocks inched lower Friday as bond yields jumped, a shift that helped banks but hurt companies that pay big dividends. The dollar fell after President Donald Trump said China is manipulating its currency. Hong Kong stocks ended higher on Friday, as a sharp […]

Japanese Yen: USD/JPY (JPY=X) short-term bullish momentum

Japanese Yen: USD/JPY (JPY=X) short-term bullish momentum

Japanese Yen: USD/JPY (JPY=X) short-term bullish momentum Japan should be careful about recent remarks by U.S. President Donald Trump on currencies and might need to convince Washington its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said on Saturday. Although the price made a new 6-month high last week, it […]

SILVER 1 OZ 999 NY (XAG=X) Priced Focused on the Dollar this Week

SILVER 1 OZ 999 NY (XAG=X) Priced Focused on the Dollar this Week

SILVER 1 OZ 999 NY (XAG=X) Priced Focused on the Dollar this Week The price of precious metals fell week-on-week for the second consecutive week in the period between July 15 and 20 due to strengthening of the dollar and drop in oil prices. Metals traders will remain focused on the dollar this week after […]

‘We Need Less Redaction, More Transparency’

‘We Need Less Redaction, More Transparency’

 ‘We Need Less Redaction, More Transparency’ Referring to the redactions of the released FISA warrants Professor Alan Dershowitz denounced the “flawed” special counsel process that has rendered “more questions than answers.” “The process is a very flawed one, and the more the American people know about it, the more distressed they are at how special […]

Russia-Gate ‘America’s # 1 Security Threat’

Russia-Gate ‘America’s # 1 Security Threat’

Russia-Gate ‘America’s # 1 Security Threat’ Rebuking talk of treason and impeachment as an “all-out war against our nuclear security,” Princeton Russian Prof. Stephen Cohen calls “this Russia-gate, get-Trump stuff America’s # 1 security threat.” “We are calling the American president treasonous for trying to avoid war with Russia,” Prof. Cohen said “That means that […]

WikiLeaks Founder, Julian Assange’s, Asylum Coming to an End

WikiLeaks Founder, Julian Assange’s, Asylum Coming to an End

WikiLeaks Founder, Julian Assange’s, Asylum Coming to an End Saturday it was reported that Ecuador is working to finalize an agreement to withdraw its asylum protection from WikiLeaks founder Julian Assange in order to throw him out of the country’s embassy in London and turn him over to British authorities Friday, Ecuador President Lenin Moreno […]

Turkey and US Hold Talks on Coming Iran Sanctions

Turkey and US Hold Talks on Coming Iran Sanctions

Turkey and US Hold Talks on Coming Iran Sanctions $OIL, $GLD US and Turkish officials met Friday to discuss impending American sanctions on Iran. US Assistant Secretary for Terrorist Financing Marshall Billingslea, met with Turkish treasury and foreign ministry officials, said his talks in Ankara were very “positive” and that there was “no hostility” on […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE Note: US President Donald Trump’s comments that he is not thrilled by the Fed’s rate hikes. The US Dollar (.DXY) Index at 95.17 tested a 1 year high at 95.65 Thursday and dipped.  A rise to 96 could correspond with EUR’s falling to 1.15. .DXY may face resistance at […]

The US Economy, ‘Nothing Succeeds Like Success’

The US Economy, ‘Nothing Succeeds Like Success’

The US Economy, ‘Nothing Succeeds Like Success’ White House economic adviser Larry Kudlow said Wednesday that “there’s no recession in sight” for the American economy and that President Donald Trump “is on the right track” with his economic agenda. “There’s no recession in sight,” Mr. Kudlow said. “The American economy is in very good shape,” […]

Trade War: Who is Cheating? Everyone

Trade War: Who is Cheating? Everyone

Trade War: Who is Cheating? Everyone China has accused the United States of hurting the global economy by waging trade wars. Beijing says the whole world will retaliate if Washington sticks with its aggressive trade policy. The US trade war is not just with China but with the rest of the world. By regarding the […]

Michael McFaul Clinton Obama Bag Man

Michael McFaul Clinton Obama Bag Man

Michael McFaul is The Next Clinton Obama Scandal the Media Will Hide Russian prosecutors have named the former US ambassador in Moscow as a person of interest in an investigation – and Michael McFaul appears to be quite unnerved. He seems to think Russian President Vladimir Putin is after him. The evidence seems to point […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Commodities are in a downtrend and under strong Bear influence. PE Note: Crude Oil prices continue to fall on increased supply and reduced demand from China. Libyan production is rising, as is Russian output, and Saudi Arabia is pumping record volumes which is […]

Now Russian Prosecutors Want to Question US Intel Agents

Now Russian Prosecutors Want to Question US Intel Agents

Now Russian Prosecutors Want to Question US Intel Agents Russian prosecutors are pushing to question US intelligence agents and a former US Ambassador to Moscow in their investigation of an influential foe of Vladimir Putin. The general prosecutor’s office made the announcement Tuesday in the wake of President Putin’s Summit Monday with US President Donald […]

Hillary Clinton Linked to $1.5b Money Laundering Scheme

Hillary Clinton Linked to $1.5b Money Laundering Scheme

Hillary Clinton Linked to $1.5b Money Laundering Scheme Putin has evidence of some $400 million in illegally earned profits was funneled to the Clinton campaign by associates of American-born British financier Bill Browder Russia’s prosecutor general will demand interviews with American congressmen, security services staff, and other high-profile individuals as it seeks to involve the […]

CNN Lies About Putin

CNN Lies About Putin

The US mainstream media’s chorus condemnation of US President Donald Trump’s summit with Russian President Vladimir Putin in Helsinki has gone so far that CNN claimed Putin had confessed to meddling in US elections. CNN Newsroom anchor Poppy Harlow made the claim on Tuesday while interviewing Marc Lotter, former press secretary for Vice President Mike […]

Russia Hack: Why is Clinton not in Prison

Russia Hack: Why is Clinton not in Prison

CNN the mouthpiece of America’s Deep State is working overtime to distract the public from what was uncovered by whomever hacked DNC emails. Crimes, big obvious indefensible crimes committed by Hillary and her cohorts including CNN staff. By Kelly Riddell, WASHINGTON TIMES The ongoing WikiLeaks dump of Hillary Clinton’s campaign chairman John Podesta’s emails has […]

US Considering Crude Oil Waiver on Iran Sanctions for 1 Country

US Considering Crude Oil Waiver on Iran Sanctions for 1 Country

US Considering Crude Oil Waiver on Iran Sanctions for 1 Country $OIL, $USO The Trump Administration is pushing countries to cut all imports of Iranian Crude Oil from November on. The US wants to avoid disrupting global Crude Oil markets as it reimposes sanctions against Tehran and in certain cases will consider waivers for countries […]

EU and Japan Free Trade Deal

EU and Japan Free Trade Deal

The European Union’s top officials arrive in Japan Tuesday to sign the single market’s biggest trade deal ever and present a united front as Washington upends the international trade order. EU Council President Donald Tusk and Commission head Jean-Claude Juncker land in Japan after talks in Beijing, where they urged global trade cooperation and warned […]

CNN Trys to Create Anti-Russian Sentiment

CNN Trys to Create Anti-Russian Sentiment

CNN have blasted President Donald Trump for not properly confronting Russian President Vladimir Putin at the Helsinki summit. The sight of US President Donald Trump and Russian President Vladimir Putin not attacking each other at the press conference following their summit in Helsinki sent mainstream US media into a spiral of rage. “You have been […]

Tesla is Imploding as CEO has Tantrum

Tesla is Imploding as CEO has Tantrum

Tesla is Imploding as CEO has Tantrum $TSLA Tesla shares stumbled Monday as chief executive Elon Musk faced criticism over a public spat with a British diver who worked on the Thai soccer team rescue. Shares of the electric car maker were down 3.5 percent in late-morning trading at $307.82 on news that Musk could […]

United States Oil (USO) closing below a key short-term level

United States Oil (USO) closing below a key short-term level

United States Oil (USO) closing below a key short-term level Crude-oil prices early Monday were trading sharply lower, with the U.S. benchmark on track to drop beneath a key short-term level that could imply near-term momentum for the commodity is eroding. August West Texas Intermediate crude CLQ8, -0.15% was trading at $69.56 a barrel, off […]

Clinton is the Criminal not Putin

Clinton is the Criminal not Putin

Clinton is the Criminal not Putin As Clinton and the left continue to implode over the prospect of a successful Trump/Putin summit, the President arrived in Helsinki on Monday to meet his Russian counterpart. Trump has made no indication that he will press Putin on alleged election meddling, but told reporters that he intends to […]

China and Russia back Iran

China and Russia back Iran

China and Russia back Iran The enemy of my enemy is my friend is an ancient proverb which suggests that two opposing parties can or should work together against a common enemy. Moscow and Tehran are expanding economic cooperation, with Russia planning multi-billion dollar investments in Iran’s energy sector. The move comes as major Western […]

Trade War Casualties

Trade War Casualties

Some US manufacturers are delaying investments and raising prices as President Donald Trump escalates trade wars with key US economic partners but most companies report no change, according to a survey released Monday. The National Association for Business Economics also found in its monthly report that members unanimously expected economic growth to continue in the […]

Deutsche Bank Beats

Deutsche Bank Beats

Deutsche Bank Beats Germany’s biggest lender Deutsche Bank said Monday it had far outstripped analysts’ estimates of its earnings in the second quarter, but its bottom line remained short of last year’s performance. The group said it would report net income of “approximately 400 million euros” ($467 million) between April and June — 10.5 percent […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX This week it is President Trump and President Putin’s Summit in Helsinki Finland, but there is a lot to move markets during this week. President Donald Trump meets Russian President Vladimir Putin in Helsinki Monday, and that is the main event this week. But earnings […]

Silver Markets may see possible correction towards 16.46

Silver Markets may see possible correction towards 16.46

Silver Markets may see possible correction towards 16.46 The strong dollar looks likely to remain a significant headwind for gold this week, with bearish price action in the precious metal looking set to continue despite growing risk aversion. Metals traders will be looking ahead to Federal Reserve Chairman Jerome Powell’s testimony on the economy and […]

US Rejects European Plea for Exemptions From Iran Sanctions

US Rejects European Plea for Exemptions From Iran Sanctions

US Rejects European Plea for Exemptions From Iran Sanctions The Trump Administration has refused wide-ranging protections for European companies operating in Iran, rejecting appeals from Britain, France and Germany for exemptions from sanctions on the Tehran regime. Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin wrote, in response to a 4 June letter […]

Rod Rosenstein’s Impeachment Imminent

Rod Rosenstein’s Impeachment Imminent

Rod Rosenstein’s Impeachment Imminent Late Friday we learned that members of the House Freedom Caucus moved a step closer to impeaching Deputy US Attorney General Rosenstein. Republican lawmakers closely aligned with President Donald Trump had been floating the notion of Mr. Rosenstein’s impeachment for several months, citing frustration with what they see as slow-walking their […]

Google and Fake News

Google and Fake News

At the heart of the spread of fake news are the algorithms used by search engines, websites and social media which are often accused of pushing false or manipulated information regardless of the consequences. – What are algorithms? – They are the invisible but essential computer programmes and formulas that increasingly run modern life, designed […]

Farnborough Airshow, Brexit and the Trade War

Farnborough Airshow, Brexit and the Trade War

Top global plane makers land at the Farnborough airshow in England next week, hoping to pick up speed on demand for passenger jets while charting a path through Brexit and trade war turbulence. This year’s sector showpiece event, opening Monday, will be buzzing on the back of rapid changes in the industry, as US titan […]

Trade War Update

Trade War Update

Trade War Update China China said Friday that its attitude on respecting and protecting intellectual property rights (IPR) is serious and its actions are effective, calling the U.S. allegations of so-called IPR theft by China groundless. “In recent months, the United States has repeatedly accused China of stealing intellectual property rights, but it has never […]

Mueller Indicts 12 Russians No Clintons

Mueller Indicts 12 Russians No Clintons

Mueller Indicts 12 Russians No Clintons Despite the contents of the documents recovered that show clear criminal conduct the Clintons still have not faced a single charge. Not so for 12 Russian intelligence officers were indicted for hacking the Democratic party and the Hillary Clinton campaign. The suspects are members of the GRU, the Russian […]

Alibaba Group Holding Limited (NYSE:BABA) fallen 10% from its recent record high

Alibaba Group Holding Limited (NYSE:BABA) fallen 10% from its recent record high

Alibaba Group Holding Limited (NYSE:BABA) fallen 10% from its recent record high Alibaba Group Holding stock has fallen 10% from its recent record high as investors ditched it and shares of other Chinese companies amid an intensifying trade dispute. But options investors don’t seem to be fazed by the recent slump. Weighing the final impact […]

The Dow (.DJI) , Like the Economy, Is in a Really Good Place

The Dow (.DJI) , Like the Economy, Is in a Really Good Place

The Dow (.DJI) , Like the Economy, Is in a Really Good Place The Dow Jones Industrial Average jumped more than 200 points, while the Nasdaq closed at an all-time high. In today’s After the Bell, we… •…explain why the market climbed today; •…consider the possible impact if no more tariffs get imposed; •…and review the S&P 500’s […]

Shanghai: SSE Composite Index (.SSEC) rebound from trade fears

Shanghai: SSE Composite Index (.SSEC) rebound from trade fears

Shanghai: SSE Composite Index (.SSEC) rebound from trade fears Global stock markets rose Thursday following Wall Street’s decline amid U.S.-Chinese trade tensions and oil prices recovered some of the previous day’s steep losses. In early trading, London’s FTSE 100 rose 0.4 percent to 7,625.79 and Germany’s DAX added 0.2 percent to 12,448.09. France’s CAC 40 […]

British Pound: USD/GBP (GBP=X) Benefits From Increasing Worries Over Impact of US-China Trade War

British Pound: USD/GBP (GBP=X) Benefits From Increasing Worries Over Impact of US-China Trade War

British Pound: USD/GBP (GBP=X) Benefits From Increasing Worries Over Impact of US-China Trade War If the US trade deficit is found to have widened on the month, this could see USD exchange rates extending their downtrend tonight. Once it becomes clear how China will retaliate to the latest proposed US tariffs worries over the outlook […]

GOLD 1 OZ (XAU=X) Firmer As Bulls Work To Stabilize Market

GOLD 1 OZ (XAU=X) Firmer As Bulls Work To Stabilize Market

GOLD 1 OZ (XAU=X) Firmer As Bulls Work To Stabilize Market Gold prices are modestly up in early U.S. dealings Thursday. Some short covering in the futures market is featured, following recent selling pressure. Still, buying interest remains squelched by a rally in world stock markets and by a rebounding U.S. dollar index late this […]

Singapore Dollar: USD/SGD (SGD=X) Highlights

Singapore Dollar: USD/SGD (SGD=X) Highlights

Singapore Dollar: USD/SGD (SGD=X) Highlights Asian currencies are seeing some weaknesses on Wednesday, led by CNH (-0.36%), KRW (-0.33%), CNY (-0.33%), THB (-0.29%), TWD (-0.22%), IDR (-0.15%), SGD (-0.13%), MYR (-0.12%), PHP (-0.08%). Markets started getting concerned about trade once again, as China is said to plan countermeasures to US’s proposed 2nd round tariffs. INR […]

Japanese Yen: USD/JPY (JPY=X) stays close to daily highs around 112.50

Japanese Yen: USD/JPY (JPY=X) stays close to daily highs around 112.50

Japanese Yen: USD/JPY (JPY=X) stays close to daily highs around 112.50 The pair trades in fresh 6-month tops around 112.50/60. The greenback remains bid although failed near 95.00. US 10-year yields stay sidelined around 2.86%/2.875. The selling pressure around the Japanese yen remains well and sound so far this week and has now lifted USD/JPY […]

Euro: USD/EUR (EUR=X) Exchange Rate Losses Today

Euro: USD/EUR (EUR=X) Exchange Rate Losses Today

Euro: USD/EUR (EUR=X) Exchange Rate Losses Today The Euro (EUR) has made a small decline against the US Dollar (USD) today, in the wake of data confirming that German inflation rates slowed during June. The finalised figures have shown that base annual inflation slowed from 2.2% to 2.1%, while the monthly inflation rate fell further […]

FBI ‘Partisan’ Peter Strzok Must Be Sacked

FBI ‘Partisan’ Peter Strzok Must Be Sacked

FBI ‘Partisan’ Peter Strzok Must Be Sacked An FBI agent whose anti-Trump text messages fueled suspicions of partisan bias arrogantly said at a bitterly contentious hearing in Congress Thursday that his work has never been tainted by politics, angrily rejecting Republican allegations that he set out to Stop Donald Trump from becoming president. FBI agent […]

Europe to Weak for a Trade War

Europe to Weak for a Trade War

Europe to Weak for a Trade War The EU on Thursday slashed its growth forecast for the eurozone in 2018, warning that the rising trade tensions with the United States were hitting the economy. The European Commission, the EU’s executive arm, said the 19-country single currency bloc would expand by 2.1 percent in 2018, lower […]

Trade War Latest News

Trade War Latest News

Trade War Latest News The Chinese commerce ministry has slammed the US plan to impose tariffs on additional imports worth some $200 billion as totally unacceptable, promising a mirror response to defend its national interests. “The Chinese side is shocked by the actions of the US,” a statement on the ministry’s website declared. “In order […]

Dow Jones Industrial Average (.DJI) Drops 207 Points as Caterpillar, Chevron Slide

Dow Jones Industrial Average (.DJI) Drops 207 Points as Caterpillar, Chevron Slide

Dow Jones Industrial Average (.DJI) Drops 207 Points as Caterpillar, Chevron Slide The Dow Jones Industrial Average has slumped 207.16 points, or 0.8% to 224,712.50, with Boeing (BA), Caterpillar (CAT), Chevron (CVX) and 3M (MMM) accounting for more than half the drop. Boeing and Caterpillar, in particular, are considered to be heavily exposed to the […]

The US Will Soon Be the World’s #1 Crude Oil Producer

The US Will Soon Be the World’s #1 Crude Oil Producer

The US Will Soon Be the World’s #1 Crude Oil Producer $USO The EIA sees Crude Oil production climbing next year even with transportation bottlenecks in the country’s most prolific tight (shale) oil play. The Energy Information Administration (EIA) sees US Crude Oil output averaging 11.8-M BPD in Y 2019, up from its 11.76-M BPD […]

China Officially says, “Keep calm, do not inflame trade row with US”

China Officially says, “Keep calm, do not inflame trade row with US”

China Officially says, “Keep calm, do not inflame trade row with US” $DIA, $SPY, $QQQ, $RUTX, $VXX China is not ‘happy’ about Washington’s hard line on trade, but has controlled coverage of the dust-up in its media, limiting open commentary and banning attacks on US President Donald Trump. Beijing has issued unusually strict rules limiting […]

Hong Kong: HANG SENG INDEX (.HSI) Possible Correction Towards 29,833.54

Hong Kong: HANG SENG INDEX (.HSI) Possible Correction Towards 29,833.54

Hong Kong: HANG SENG INDEX (.HSI) Possible Correction Towards 29,833.54 Asian share markets fell. In China, the Shanghai Stock Exchange Composite fell 1.22% while Hong Kong’s Hang Seng dropped 1.24%. Elsewhere, Japan’s Nikkei 225 declined 1.6%. DBS Group Research wrote in a note today that “the tariff news was “ill-timed for investors hoping for a […]

Socialist Alexandria Ocasio-Cortez Lied to Voters

Socialist Alexandria Ocasio-Cortez Lied to Voters

The family background of Democratic Socialist newcomer Alexandria Ocasio-Cortez and her working-class roots helped her in the race on social issues, but it was all a lie. Ocasio-Cortez recently shook up New York politics by defeating 10-term incumbent Joe Crowley in the party’s congressional primary race. She used what she called her “working-class” background to […]

Trade War Turns Serious

Trade War Turns Serious

Accusing China of not negotiating “seriously” on trade, the Trump administration has released a list of products it wants to impose a ten percent tariff on, amounting to $200 billion. The new tariffs would kick in within 60 days. The 200-page document, released on Tuesday by the US Trade Representative’s office, gives notice to those […]

Nick Loeb’s ‘Roe v. Wade’ Film Shooting in New Orleans

Nick Loeb’s ‘Roe v. Wade’ Film Shooting in New Orleans

Nick Loeb’s ‘Roe v. Wade’ Film Shooting in New Orleans $FB Producer/Writer/Director Nick Loeb and his production partner, Cathy Allyn, began shooting their pro-life feature film on 15 June in and around New Orleans. There has been little information about the filmmaker’s new project, except for some articles 5 weeks ago alleging that Facebook (NASDAQ:FB) […]

Refugees Flee Racist South Africa

Refugees Flee Racist South Africa

Refugees Flee Racist South Africa A delegation of 30 South African farming families has arrived in Russia’s farmbelt Stavropol Region, Rossiya 1 TV reports. The group says it is facing violent attacks and death threats at home. Up to 15,000 Boers, descendants of Dutch settlers in South Africa, are planning to move to Russia amid […]

Unstoppable Alibaba Group Holding Limited (NYSE:BABA)

Unstoppable Alibaba Group Holding Limited (NYSE:BABA)

Unstoppable Alibaba Group Holding Limited (NYSE:BABA) The trade war is officially on with new Trump tariffs on $34 billion worth of Chinese imports going into effect last week. China has retaliated in a like manner, imposing tariffs on $34 billion worth of American goods. Both are at 25%. That’s a lot of extra cost that […]

97 Percent of all Governments are Now on Twitter

97 Percent of all Governments are Now on Twitter

U.S. President Donald Trump is the most followed world leader on Twitter, with 52 million followers on his @realDonaldTrump account which has more than doubled since taking office on January 20, 2017, according to the newly released 2018 Twiplomacy study by BCW, a top-three and the first truly integrated global communications agency in the world. […]

Chinese Yuan: USD/CNY (CNY=X) Focus On Chinese Yuan Now

Chinese Yuan: USD/CNY (CNY=X) Focus On Chinese Yuan Now

Chinese Yuan: USD/CNY (CNY=X) Focus On Chinese Yuan Now Near-term dollar weakness is being confirmed by USD/CNH returning to a lower trading range. This dynamic is being supported by China equities which started the week on a positive note, partly on relief that Donald Trump didn’t further escalate the tit-for-tat with China. In the short-term, […]

Shanghai: SSE Composite Index (.SSEC) Rebound with Biggest Gains Since 2016

Shanghai: SSE Composite Index (.SSEC) Rebound with Biggest Gains Since 2016

Shanghai: SSE Composite Index (.SSEC) Rebound with Biggest Gains Since 2016 Chinese large cap stocks climbed the most in two years, bouncing back from a bruising run of losses in the lead up to the imposition of U.S. tariffs last Friday. The yuan also rose after retreating for four weeks straight. Market sentiment improved on […]

US Markets are Comfortable, Now Focused on Earnings

US Markets are Comfortable, Now Focused on Earnings

US Markets are Comfortable, Now Focused on Earnings $DIA, $SPY, $QQQ, $RUTX, $VXX Carry-over momentum from S&P 500 breakout last Thursday drives stocks higher for 3rd session running Top-weighted tech group under-performs, keeping gainers in check Cyclical financials, industrials, and energy groups soar Traders satisfied the President Trump is focused on the business of America […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market action as President Trump  bears down hard on trade issues, focuses on SCOTUS pick, teeing up NATO demands and the Putin Summit. The market will tell us now if the Key moves Thursday and Friday on moderate volume will hold […]

Chicago Agriculture Commodities Finished Mixed on the Week Ended 6 July

Chicago Agriculture Commodities Finished Mixed on the Week Ended 6 July

Chicago Agriculture Commodities Finished Mixed on the Week Ended 6 July $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) Soybean futures rebounded at week’s end on 6 July, thanks to bargain buying amid escalating trade tensions. The most active contract for November Soybean went up 14.5c weekly, or 1.65%, to 8.945 bu. December Corn delivery rose […]

Prosperity Key to North Korea

Prosperity Key to North Korea

Washington’s top diplomat Mike Pompeo was addressing Vietnamese business leaders but his real audience was not in the Hanoi dining room. The US Secretary of State was sending a message from the thriving commercial heart of this once war-torn city all the way to North Korea. Vietnam fought a brutal war to expel American invaders, […]

The Continuing Shredding of Barack Obamacare

The Continuing Shredding of Barack Obamacare

The Continuing Shredding of Barack Obamacare Saturday, The Trump Administration said that it as suspended $10.4-B in payments expected by ACA, aka Barack Obamacare insurers, citing a federal judge’s ruling in a lawsuit over a program’s formula guidelines. “We were disappointed by the court’s recent ruling,” the Administrator for the Centers for Medicare and Medicaid […]

North Korea Will Denuclearize

North Korea Will Denuclearize

South Korea on Sunday welcomed the outcome of the recent high-level dialogue between the United States and North Korea, saying it marked an important start of efforts to denuclearize the Korean Peninsula. “The North Korea-U.S. talks held in Pyongyang marked the first step in a journey toward denuclearization of the Korean Peninsula,” said Kim Eui-kyeom, […]

Secretary of State Pompeo, “I slept fine”, his NKorean Counterparty Not so well

Secretary of State Pompeo, “I slept fine”, his NKorean Counterparty Not so well

Secretary of State Pompeo, “I slept fine”, his NKorean Counterparty Not So Well NKorea accused Washington of pressuring the country into abandoning its nukes. Secretary of State Pompeo wrapped up 2days of talks with senior NKorean officials without meeting NKoresn leader Kim Jong Un, but with commitments for new discussions on denuclearization and the repatriation […]

Trade War Heats Up

Trade War Heats Up

Just hours after the United States introduced 25 percent trade tariffs on $34 billion worth of Chinese goods, Beijing has retaliated with mirror measures against American imports. “After the United States introduced the new tariffs, China’s reciprocal measures also immediately took effect,” said the spokesman for the Chinese Foreign Ministry Lu Kang. He did not […]

Shanghai: SSE Composite Index (.SSEC) China moves again to curb market panic

Shanghai: SSE Composite Index (.SSEC) China moves again to curb market panic

Shanghai: SSE Composite Index (.SSEC) China moves again to curb market panic Beijing has ramped up efforts to curb panic selling after China’s stockmarket hit new two-year lows on growing concern about US trade tariffs, a slowing economy, a weaker currency and the risk of the country’s unregulated debt spiralling out of control. Policy changes […]

Lockheed Martin Corporation (NYSE:LMT) Aegis Ashore purchases could help ease trade friction with U.S.

Lockheed Martin Corporation (NYSE:LMT) Aegis Ashore purchases could help ease trade friction with U.S.

Lockheed Martin Corporation (NYSE:LMT) Aegis Ashore purchases could help ease trade friction with U.S. Aegis Ashore purchases could help ease trade friction with U.S. Japan military planners still see N. Korea as threat Japanese planners view China’s military as long-term threat Japan has selected Lockheed Martin Corp’s advanced radar for its multibillion-dollar missile defense system, a […]

United States Oil (USO) Stable but Expected to Rise

United States Oil (USO) Stable but Expected to Rise

United States Oil (USO) Stable but Expected to Rise Gas price declines have begun to slow in the last week with the national average unchanged at $2.85 per gallon today according to GasBuddy data compiled from over 10 million price reports from over 135,000 stations in the last week. While average gas prices remain lower […]

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